Archived Investigations

Driven Brands Holdings Inc. (NasdaqGS: DRVN)

Company Name:Driven Brands Holdings Inc.
Stock Symbol:NasdaqGS: DRVN
Court:Western District of North Carolina
Class Period Start:05/03/2023
Class Period End (inclusive):02/24/2026
Filing Deadline:The deadline has passed.
March 11, 2026

Driven and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On February 25, 2026, the Company disclosed that it had identified at least seven different categories of “material errors” in the Company’s consolidated financial statements for fiscal years 2023 and 2024, as well as in quarterly periods in 2025, and that “such financial statements should not be relied upon and required restatement” and as a result, the Company would delay the filing of its Annual Report on Form 10-K for the fiscal year 2025 and need to restate its financials for fiscal years 2023, 2024, and the first three quarters of 2025.

On this news, the price of Driven Brands’ shares fell nearly 40%, from a close of $16.61 on February 24, 2026, to open at $9.99 on February 25, 2026.

The case is City of Hollywood Police Officers’ Retirement System v. Driven Brands Holdings Inc., et al., No. 26-cv-00283.

Click here to read the first filed complaint.

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